Info Edge(India) Ltd. — Capital/Financing Update 2023

Jul 10, 2023

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Date: July 10, 2023

1. The Manager- Listing National Stock Exchange of India Limited (Scrip Code: NAUKRI)

2. The Manager- Listing BSE Limited (Scrip Code: 532777)

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam ,

This is to inform you that Allcheckdeals India Pvt. Ltd.(“ACD”), a wholly owned subsidiary of the Company has agreed to invest an amount of Rs. 10 Lacs in its wholly-owned subsidiary-Interactive Visual Solutions Private Limited, step down wholly-owned subsidiary of the Company. The details of the transaction are given as under:

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Sl. Particulars Details
No.
1. Name of the target entity, details in brief such Interactive Visual Solutions Private Limited
as size, turnover etc. (“IVSPL”)
Address: Anand Square, Unit No. 201,202, 2nd Floor,
Plot No. 1, 2, 3, 5, 6, Survey No. 232, Viman Nagar,
Lohegaon, Pune-411014.
Details as on March 31, 2023 (in Rs.)
Turnover PAT Networth
Nil -232,716 -15,688,459
2. Whether the acquisition would fall within ACD is a wholly owned subsidiary of the Company and
related party transaction(s) and whether the IVSPL is a wholly-owned subsidiary of ACD.
promoter/promoter group/group companies Accordingly, IVSPL is a wholly-owned step down
have any interest in the entity being acquired? subsidiary of the Company and hence falls in the category
If yes, nature of interest and details thereof and of a related party as on the date of making this investment.
whether the same is done at “arm’s length”
Promoters of the Company have no interest in the said
investment.
The transaction is done at Arm’s Length basis.
3. Industry to which the entity being acquired IVSPL has been engaged in providing software
belongs consultancy and supply including activities in connection
with analysis, design and programming of systems ready
to use.
4. Objects and effects of acquisition (including The said investment is being done to meet certain
but not limited to, disclosure of reasons for corporate expenses of IVSPL.
acquisition of target entity, if its business is
outside the main line of business of the listed
entity.
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5. Brief details of any governmental or regulatory Not Applicable
approvals required for the acquisition.
6. Whether any governmental or regulatory Not Applicable
approvals required for the acquisition
7. Provide brief details of the governmental or Not Applicable
regulatory approvals required for the
acquisition
8. Indicative time period for completion of Immediate
acquisition
9. Nature of Consideration- whether cash Cash Consideration
consideration or share swap and details of the
same.
10. Cost of acquisition or the price at which the Rs. 10 Lacs
shares are acquired.
11. Percentage of shareholding/control acquired ACD has agreed to acquire 10,000-0.0001% Compulsorily
and/ or number of shares acquired. Convertible Debentures (“CCDs”) having face value of
Rs. 100/- each. Post this investment, IVSPL remains the
step down wholly-owned subsidiary of the Company.
12. Brief background about the entity acquired in Brief Background : IVSPL has been engaged in
terms of products/line of business acquired, providing software consultancy and supply including
date of incorporation, history of last 3 years activities in connection with analysis, design and
turnover, country in which the acquired entity programming of systems ready to use.
has presence and any other significant
information (in brief). Date of Incorporation : November 11, 2009
Last three years turnover: (Rs.)
2022-23 2021-22 2020-2021
Nil Nil Nil
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This is for your information and records.

Thanking You.

Yours faithfully, For Info Edge (India) Ltd.

CHINTAN Digitally signed by CHINTAN ARVIND ARVIND THAKKAR THAKKAR Date: 2023.07.10 17:23:31 +05'30'

Chintan Thakkar Whole-time Director & CFO

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